1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notka56 [123]
3 years ago
13

Given the following balance sheet and income statement data for the year ended December 31, what is the final figure for the num

erator in the formula for the days' cash on hand? Cash $300,000 Short-term investments 400,000 Accounts receivable 900,000 Total operating expenses 640,000 Depreciation expense 140,000 a. $1,600,000 b. $500,000 c. $300,000 d. $700,000
Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Cash = $300,000

Short-term investments = 400,000

Accounts receivable = 900,000

Total operating expenses = 640,000

Depreciation expense = 140,000

The numerator part in the formula of days' cash on hand is cash and cash equivalents available.

Cash and cash equivalents available:

= Cash + Short term investments

= $300,000 + $400,000

= $700,000

You might be interested in
What are the three economic questions everyone must answer
Sidana [21]

Answer:

the three important economic questions are

1 - What are goods and services?

2-How should these goods and services be produced?

3-Who consumes these goods and services?

8 0
3 years ago
Due to ____, market forces should realign the relationship between the interest rate differential of two currencies and the forw
dalvyx [7]

Taxed market forces are destroying the industries

3 0
4 years ago
Greeting is the initial stage of the personal selling process that allows the sales person to "break the ice with the prospect.
umka21 [38]

Answer:

true

Explanation:

6 0
3 years ago
Agreement and disagreement among economists
vredina [299]

Answer:

  1. Differences in values
  2. C. Tariffs and import quotas generally reduce economic welfare.

Explanation:

Yvette and Sean most likely have a difference in values because they believe that one thing is better for the economy than the other. This means that when it comes down to the economy, they value a certain approach over other approaches.

Economist don't usually find common ground on many things but there are some things where they have a general consensus and one of them is that tariffs and import quotas are bad for the economy. They believe that people stand more to gain from free trade than restricted trade.

6 0
3 years ago
While shopping in a local supermarket, Jolene Partin came upon an aisle display of cookies and had to have some-immediately. By
Alenkasestr [34]

Answer:

an impulse product

Explanation:

When we talk about impulse products we are referring to products that people generally buy on impulse reactions. Generally in a supermarket the aisle just before the cash register is full of candy, chocolates, or other impulse products. Generally impulse products are not expensive so people usually don't think a lot about whether they will buy them or not, they just do it.

6 0
3 years ago
Other questions:
  • Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i
    15·1 answer
  • Identifying the needs a business will address is a good example of the _______ of the organization.
    9·1 answer
  • Katie works in the human resource department at Zeus Corp. Her chief responsibilities include administering salaries, determinin
    5·1 answer
  • Mega Mart is a part of a business unit that has grown very slowly over the years. According to your local business newspaper, th
    5·1 answer
  • What are hidden taxes and are they fair? Why or why not?
    15·1 answer
  • Concert promoters still sometimes hire persons to count or photograph how many persons enter a venue or fill the seats inside in
    15·1 answer
  • Following are selected transactions for Vitalo Company.
    14·1 answer
  • A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the a
    15·1 answer
  • Y AM I SO SAD RN I NEED TO TALK TO SOMEONE ???!!!!!
    10·2 answers
  • 2. Mason performs services for Isabella. In determining whether Mason is an employee or an independent contractor, comment on th
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!